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13 Best Free Business Checking Accounts of December 2022

Written by Randa Kriss, Kelsey Sheehy
Edited by Ryan Lane
Last updated on November 8, 2022

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Don't let monthly fees from your business bank eat into profits and hurt your bottom line. These free business checking accounts have no service fees and many have axed other fees, like overdrafts, ATM charges and transaction fees.
NerdWallet evaluated more than 30 business checking accounts from national, regional and online banks, scoring them on fees, perks and accessibility, among other factors. Free business accounts that earned at least four stars were eligible to be included in this list.
Here are our picks for the best free checking accounts for small businesses. Plus, scroll down to find the best free business checking accounts by state.

Best Free Business Checking Accounts

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Bank/institution
NerdWallet rating
Monthly fee
APY
Min. opening deposit
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Bluevine Business Checking

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at Bluevine, Deposits are FDIC Insured

5.0/5

Best for High-yield business checking

$0

2.00%

With $0 min. balance for APY

$0
Learn more

at Bluevine, Deposits are FDIC Insured

Axos Bank® Basic Business Checking

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at Axos Bank®, Member FDIC

5.0/5

Best for 24/7 customer support; unlimited fee-free cash deposits

$0

N/A$0
Learn more

at Axos Bank®, Member FDIC

Relay

Learn more

at Relay, Deposits are FDIC Insured

4.5/5

Best for Multiple business checking accounts (up to 20)

$0

N/A$0
Learn more

at Relay, Deposits are FDIC Insured

Grasshopper Business Checking Account

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at Grasshopper Bank, Member FDIC

4.5/5

Best for 1% cash back + high APY

$0

1.51%

With $0 min. balance for APY

$100
Learn more

at Grasshopper Bank, Member FDIC

Novo Business Checking

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at Novo, Deposits are FDIC Insured

4.5/5

Best for Refunds on all ATM fees worldwide

$0

N/A$0
Learn more

at Novo, Deposits are FDIC Insured

Mercury Business Bank Account

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at Mercury, Deposits are FDIC Insured

4.5/5

Best for Free domestic and international wire transfers

$0

N/A$0
Learn more

at Mercury, Deposits are FDIC Insured

Found Small Business Banking

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at Found, Deposits are FDIC Insured

4.5/5

Best for Built-in invoicing and bookkeeping

$0

N/A$0
Learn more

at Found, Deposits are FDIC Insured

nbkc Business Account

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at nbkc bank, Member FDIC

5.0/5

Best for Unlimited fee-free cash deposits via MoneyPass ATMs

$0

N/A$0
Learn more

at nbkc bank, Member FDIC

Oxygen Business Account

4.5/5

Best for Up to 5% cash back at select merchants

$0

N/A$0

Navy Federal Credit Union Business Checking

5.0/5

Best for Military families

$0

0.01%

With $0 min. balance for APY

$255

American Express® Business Checking

5.0/5

Best for High-yield business checking; 24/7 customer support

$0

1.30%

$0

U.S. Bank Silver Business Checking

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at U.S. Bank, Member FDIC

4.0/5

Best for Free business account from a brick-and-mortar bank

$0

N/A$100
Learn more

at U.S. Bank, Member FDIC

Huntington Business Checking 100

4.0/5

Best for Overdraft grace period

$0

N/A$0

Our pick for

High-yield business checking

Bluevine Business Checking

5.0
NerdWallet rating 
Learn more

at Bluevine, Deposits are FDIC Insured

APY

2.00%

Earn 2.00% interest on account balances up to and including $100,000. Terms apply.

With $0 min. balance for APY

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

No

Fee of up to $4.95 per cash deposit.

Overdraft fees

$0

Our pick for

24/7 customer support; unlimited fee-free cash deposits

Axos Bank® Basic Business Checking

5.0
NerdWallet rating 
Learn more

at Axos Bank®, Member FDIC

APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

Yes

Unlimited

Overdraft fees

$25

Our pick for

Multiple business checking accounts (up to 20)

Relay

4.5
NerdWallet rating 
Learn more

at Relay, Deposits are FDIC Insured

APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

No

No cash deposits.

Overdraft fees

$0

Our pick for

1% cash back + high APY

Grasshopper Business Checking Account

4.5
NerdWallet rating 
Learn more

at Grasshopper Bank, Member FDIC

APY

1.51%

Unlimited 1.51% APY

With $0 min. balance for APY

Monthly fee

$0

Min. opening deposit

$100

Free cash deposits

No

No cash deposits.

Overdraft fees

$0

Our pick for

Refunds on all ATM fees worldwide

Novo Business Checking

4.5
NerdWallet rating 
Learn more

at Novo, Deposits are FDIC Insured

APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

No

No cash deposits.

Overdraft fees

$27

Our pick for

Free domestic and international wire transfers

Mercury Business Bank Account

4.5
NerdWallet rating 
Learn more

at Mercury, Deposits are FDIC Insured

APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

No

No cash deposits.

Overdraft fees

$0

Our pick for

Built-in invoicing and bookkeeping

Found Small Business Banking

4.5
NerdWallet rating 
Learn more

at Found, Deposits are FDIC Insured

APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

No

No cash deposits.

Overdraft fees

$0

Our pick for

Unlimited fee-free cash deposits via MoneyPass ATMs

nbkc Business Account

5.0
NerdWallet rating 
Learn more

at nbkc bank, Member FDIC

APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

Yes

Unlimited

Overdraft fees

$0

Our pick for

Up to 5% cash back at select merchants

Oxygen Business Account

4.5
NerdWallet rating 
APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

No

Fee of up to $4.95 per cash deposit.

Overdraft fees

$0

Our pick for

Military families

Navy Federal Credit Union Business Checking

5.0
NerdWallet rating 
APY

0.01%

With $0 min. balance for APY

Monthly fee

$0

Min. opening deposit

$255

Free cash deposits

Yes

Unlimited

Overdraft fees

$29

Our pick for

High-yield business checking; 24/7 customer support

American Express® Business Checking

5.0
NerdWallet rating 
APY

1.30%

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

No

No cash deposits.

Overdraft fees

$0

Our pick for

Free business account from a brick-and-mortar bank

U.S. Bank Silver Business Checking

4.0
NerdWallet rating 
Learn more

at U.S. Bank, Member FDIC

APY

N/A

Monthly fee

$0

Min. opening deposit

$100

Free cash deposits

Yes

Up to $2,500 per month.

Overdraft fees

$36

Our pick for

Overdraft grace period

Huntington Business Checking 100

4.0
NerdWallet rating 
APY

N/A

Monthly fee

$0

Min. opening deposit

$0

Free cash deposits

No

Up to $5,000 per month.

Overdraft fees

$36

How to choose a small-business checking account

  • Consider your business's needs. Every business operates differently. Some make regular cash deposits, while others deal solely with electronic transactions. Some need bookkeeping and invoicing tools, while others have established systems in place. The unique needs of your small business will determine your priority features in a business checking account.
  • Look at monthly and incidental fees. Look for business checking accounts that have no monthly service fees or make sure you can meet the minimum balance required to waive any fees an account may have. And pay close attention to the fine print. Some free business checking accounts charge for out-of-network ATM use, wire transfers and overdrafts.
  • Examine transaction and cash deposit limits. Brick-and-mortar banks often limit cash deposits and cap free transactions on business checking accounts. Online accounts, by comparison, typically offer unlimited transactions but may not accommodate cash deposits. Look for business accounts that don't place strict limits on how you use your account. See NerdWallet's picks for best business bank accounts for cash deposits, branch access and more.
  • Factor in additional perks and features. Some business checking accounts earn interest or offer cash back when you use your business debit card (a few offer both). And many offer additional features, like bookkeeping software, tax-planning tools and free invoicing. Weigh these perks and benefits when choosing an account.
  • Decide how you want to open an account. Convenience is key when choosing a business account, including how easy it is to open. You can open a business checking account online in minutes with digital banks and even some brick-and-mortar banks. Others banks require you to open a business account in person and a few give you the option to do so over the phone.

Compare more business banking options

Want to explore more banks for small businesses? Use NerdWallet's tool to search for and compare business checking accounts based on the features that are important to you, whether that's unlimited transactions, free ATM access, no monthly fee or a low minimum opening deposit.

Free business checking accounts by state

If none of the above options are available in your state and you would rather bank in person, or if you prefer a smaller bank, check out the options below:
Last updated on November 8, 2022

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